Sales are still relevant | 12 August 2016
12 August 2016, GBP/USD
The situation on the pound/dollar still remains favorable for sales. After completion of the horizontal triangle as the wave [b], the pair did not move down in a rush. In this situation, the pattern lacks acceleration in the form of an aprupt movement towards trend. It is possible that this acceleration will happen in a short time, so you should hurry up with opening of trading positions.
So, in the near future a strong impulse drop is expected within the development of the wave [c].
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
